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2640 Cedar Park Pl 16,967 SF 100% Leased Retail Building Abbotsford, BC V2T 3S5 $5,990,000 CAD ($353.04 CAD/SF) 5.83% Cap Rate
Investment Highlights
- ?? High occupancy with reliable rental income
- ?? Proven location with strong surrounding growth
- ?? Ideal for investors seeking steady, long-term returns
- ?? Well-maintained multi-tenant asset
- ?? Low vacancy risk and durable tenant mix
- A turnkey addition to any portfolio focused on security, stability, and appreciation in the Fraser Valley market.
Executive Summary
Prime C-5 zoned commercial investment property located at the high-exposure corner of SOUTH FRASER HIGHWAY and CEDAR PARK PLACE in Abbotsford. Situated within a busy strip mall with strong visibility and excellent accessibility, this property benefits from versatile zoning allowing for a wide range of commercial uses. The combined civic addresses 2636 & 2640 Cedar Park Place offer approximately 16,967 sq. ft. of building area, making it an ideal long-term holding asset with strong NET INCOME OF 330K-350K annually.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,967 SF
Building Class
C
Year Built
1985
Price
$5,990,000 CAD
Price Per SF
$353.04 CAD
Cap Rate
5.83%
NOI
$349,500 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.69 AC
Zoning
C5 - Commercial
Parking
25 Spaces (1.47 Spaces per 1,000 SF Leased)
Frontage
553’ on Cedar Park Pl
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 6
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2640 Cedar Park Pl
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